Michigan credit union ex-CFO shockingly confesses to embezzling $20 million

Michigan credit union ex-CFO shockingly confesses to embezzling million credit union cfo Confesses to $20 Million Embezzlement | Credit. – michael anthony lajoice, the 36-year-old CFO for the million clarkston brandon Community Credit Union in Clarkston, Mich., pleaded not.

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In a development seemingly out of nowhere, the former chief financial officer of a Michigan credit union and a man described as a "community hero," walked into the Oakland County sheriff’s office last week and confessed to embezzling $20 million from the credit union over the last 12 years.

Lending Michigan credit union ex-CFO shockingly confesses to embezzling million walked right into sheriff’s office and spilled his guts. The former Chief Financial Officer of a Clarkston credit union pleaded guilty Thursday to embezzling more than $18 million from his employer, U.S. Attorney Barbara McQuade announced.

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Just days after the former chief financial officer of a Michigan credit union walked into the local sheriff’s office and confessed to embezzling $20 million from his former employer, the credit union has been placed into conservatorship by the Michigan Department of Insurance and Financial Services.

CLARKSTON (WWJ) – A Clarkston bank executive will spend 11 years behind bars after admitting to embezzling nearly $20 million. micheal lajoice pleaded guilty in federal court to charges of bank.

Michael Lajoice, charged with embezzlement from a local credit union where he was CFO, stands in front of 52-2 District Court Judge Joseph Fabrizio. Wednesday, Jan. 20, 2016. John Turk-The Oakland.

In a development seemingly out of nowhere, the former chief financial officer of a Michigan credit union and a man described as a “community hero,” walked into the Oakland County sheriff’s office last.

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A routine visit from a state agency that regulates credit. 20 million over 12 years. That’s according to a statement from credit union CEO Donna Bullard on Tuesday – just days after ex-CFO Michael.